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    307 Wellons St Suffolk, VA 23434

    New
    For Sale
    $275,000

    Fully occupied triplex in downtown Suffolk, generating income.

    Property Features for 307 Wellons St

    General Information

    Exterior features
    exterior_features, : ["Asphalt Shingle"]

    Building Details

    Year built
    1754

    Source: Top Producers Realty Group Inc Agent Top Producers Realty Group Inc

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Producing Triplex in Downtown Suffolk

    This is an income-producing triplex located in downtown Suffolk. The property is fully occupied.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.5907554
    Latitude
    36.726084

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    FAQs

    What type of property is this?
    Triplex - Fully occupied triplex in downtown Suffolk, generating income.
    Where is this triplex located?
    The property is located at 307 Wellons St Suffolk, VA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Income-producing triplex; - Fully occupied; - Located in Downtown Suffolk
    Request Owner's contact information
    307 Wellons St Suffolk, VA 23434
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    Suffolk, VA 23434
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    307 Wellons St Suffolk, VA 23434
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